Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Portugal
LREM64TTPTQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.40
Year-over-Year Change
2.96%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Portugal' measures the percentage of the Portuguese population aged 15 to 64 that is employed. This key labor market indicator provides insights into the country's economic health and workforce dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend represents the employment rate for the working-age population in Portugal, a metric closely watched by policymakers and analysts to assess labor market conditions and overall economic performance. The data is reported on an infra-annual basis, offering more timely insights compared to annual measures.
Methodology
The data is collected through household surveys conducted by the Portuguese statistical agency.
Historical Context
The employment rate is a crucial input for macroeconomic analysis and policy decisions.
Key Facts
- Portugal's employment rate averaged 68.8% from 2010 to 2020.
- The employment rate reached a high of 70.5% in 2019 before declining due to the COVID-19 pandemic.
- Female employment rate in Portugal was 65.8% in 2020, compared to 71.8% for males.
FAQs
Q: What does this economic trend measure?
A: The 'Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Portugal' measures the percentage of the Portuguese population aged 15 to 64 that is employed.
Q: Why is this trend relevant for users or analysts?
A: This key labor market indicator provides insights into Portugal's economic health and workforce dynamics, making it a crucial input for macroeconomic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Portuguese statistical agency.
Q: How is this trend used in economic policy?
A: The employment rate is closely watched by policymakers and analysts to assess labor market conditions and overall economic performance in Portugal.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, offering more timely insights compared to annual measures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Portugal (LREM64TTPTQ156S), retrieved from FRED.